I tend to agree it was not that amazing announcement for the following reason - In the initial announcement when its been acquired, they mentioned this unit generated revenue of ~5.5M$ per FY2023. If this unit now got revenue of 525k$ per roughly quarter, that makes them generating less than 40%of what has been generated before when looked at at about 2.1M$ per year now. The question is was this already assumed, or does it mean further cash outflow? Am I reading it correctly?
PIL Price at posting:
1.5¢ Sentiment: None Disclosure: Held
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